Illinois HB1228 amends the Retailers' Occupation Tax Act to redefine tax categories and rates for various products, including cannabis and.
HB1228 amends the Retailers' Occupation Tax Act to redefine tax categories and rates for various products, including cannabis and cannabis-infused products. Effective January 1, 2027, "prescription and nonprescription medicine and drugs" includes cannabis or cannabis-infused products purchased from a dispensing organization under the Cannabis Regulation and Tax Act by a cardholder. The tax rates for cannabis products are set at 10% for products with a delta-9-tetrahydrocannabinol level at or below 35%, 25% for products above 35%, and 20% for cannabis-infused products.
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- Legal Framework
- Critical Issues
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